White Oak Delivers $3MM Asset-Based Lending Facility to a Certified Women’s Business Enterprise
NEW YORK , January 28 /Businesswire/ - White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $3 million asset-based lending facility to a certified Women’s Business Enterprise (WBE) that distributes and installs specialty building products in the Northeast U.S.
The facility was secured by the firm’s accounts receivable and inventory, and the funding will be used for working capital and growth.
“White Oak proudly supports the growth and longevity of women-owned businesses with creative and timely funding solutions, and we are thrilled that we could serve such an esteemed WBE certified by the Women’s Business Enterprise National Council,” said White Oak’s Head of Government Contract Financing, Kysha Pierre-Louis.
A Women’s Business Enterprise (WBE) is an independent business concern that is at least 51% owned and controlled by one or more women who are U.S. citizens or Legal Resident Aliens; whose business formation and principal place of business are in the U.S. or its territories; and whose management and daily operation is controlled by a woman with industry expertise.
White Oak is dedicated to helping a diverse array of companies, like WBE’s, make the most of their assets with flexible and reliable financing and provides them with the deep suite of products, industry expertise and ready capital they need to invest in growth.
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy. WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, lender financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
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